Question: Can I use 529 plan funds to pay off student loan debt? Answer: As a result of the SECURE Act that was signed into law on December 20, 2019, families with 529 college savings plans now have more options when it comes to using 529 funds. Now you can use some of your 529 […]
Italian company fined EUR 5 million for telesales without any consent and illegal conclusion of contract On the basis of complaints from a number of citizens, the Italian Data Protection Agency imposed two fines on Eni Gas e Luce amounting to EUR 8.5 million and EUR 3 million, respectively. The first fine concerned the unlawful […]
EMPLOYMENT CONTRACT: Reminder regarding the use of a CDD (i.e. a fixed-term contract) of replacement. Article L. 1242-2 of the Labor code provides notably for the possibility to enter into a fixed-term contract for the replacement of an employee while awaiting the actual starting date of the employee hired under a permanent contract and meant to […]
This is part three of a four-part series. Read parts one and two. RPAPL §§ 512 and 522 To take land through adverse possession, an adverse possessor must also comply with either RPAPL §§ 512 and 522. These additions to the law further elaborate on the requirements of notice and exclusivity. To be clear, these requirements are in […]
Question: Can a surviving spouse change the beneficiary designation on an inherited IRA? What if the spouse becomes incapacitated, is her financial agent (under Power of Attorney) authorized to change the beneficiary designation? Answer: Most estate plans commonly include a durable power of attorney (POA). A named agent can perform financial activities for the power’s creator, even […]
The new year means new chances. For us as people, but also for our organizations and businesses. Seizing the opportunity, however, can be difficult when businesses are confronted with everyday demands. The tips below provide simple steps that can be taken in 2020 to minimize risk in your employment practices with minimal effort. 1. Update […]
Happy New Year from Offit Kurman! January is the time for beginnings—for making changes and setting new professional goals. But in order to determine where we’re going next, it’s important to take stock of where we’ve been. At Offit Kurman, we couldn’t be more grateful for all the growth and success we experienced last year. […]
Lionel Paraire of Galion recently met Ruggero Rubino-Sammartano for lunch in Paris. Lionel is IR Global’s exclusive Employment Law (Corporate) member in France, whilst Ruggero is IR Global’s exclusive Commercial Arbitration member in Italy. Lionel had the following to say about this meeting: “Great pleasure to have lunch with Ruggero Rubino Sammartano, a good friend […]
In 2018 and 2019, there were approximately 5,000 federal lawsuits filed against hotels, restaurants, stores, and other places of public accommodation alleging that their websites violated Title III of the Americans with Disabilities Act (“ADA”). In all likelihood this number of lawsuits will increase in 2020 now that the U.S. Supreme Court has declined to review a […]
A Letter of Intent (“LOI”) – also called a term sheet or memorandum of understanding (“MOU”) – expresses the parties’ intent to enter into a merger and acquisition (“M&A”) transaction and summarizes the primary terms of the deal. It is often the first negotiated document between the parties and is, therefore, extremely important in identifying […]
Question: What is the difference between an ABLE account and a Special Needs Trust? Answer: If you have a child, grandchild, or other loved one with special needs, you are likely concerned about their financial well-being particularly if you are no longer around to help provide for them. They may need to qualify for government benefits, so […]
Access to Rental Housing on a fair and equal basis is a right – and it’s the law. As a property owner, management agent or if you make your living from residential real estate, spend a minute a week to protect yourself from fair housing claims and suits. Join John each Monday morning and feel […]